2021-05-17T09:18:33-05:00 2020-06-30 WITHUM SMITH BROWN PC 506 CARNEGIE CENTER STE 400 PRINCETON NJ 085406243 990 2019-07-01 210635004 The Pennington School % J GRAEME MCWHIRTER PENN 6097371838 112 W Delaware Ave Pennington NJ 08534 J GRAEME MCWHIRTER CFO 6097376120 2021-05-15 true Glenn Bellomy P00579162 6095201188 2019 2022-09-23 18:48:47Z J GRAEME MCWHIRTER 112 W Delaware Ave Pennington NJ 08534 37000402 false X WWW.PENNINGTON.ORG X 1838 NJ THE PENNINGTON SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. WE ARE DEDICATED TO DEVELOPING EXCELLENCE IN ALL STUDENTS. 32 31 286 340 77240 76240 2611427 2517411 25054184 25738197 3737496 2322335 440579 434262 31843686 31012205 5672643 5785218 0 0 13890248 14824993 0 0 1305969 10249385 9563269 29812276 30173480 2031410 838725 86547458 85751483 23363398 24350669 63184060 61400814 THE PENNINGTON SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL SCHOOL SERVING DAY AND BOARDING STUDENTS IN GRADES 6-12. 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THERE ARE APPROXIMATELY 525 STUDENTS. 22473336 true true false false false false false false false true true false false false true true true false true false true false false false true false false false true true true false false false false false false true true false false true false false false false false false false false true 92 0 true 286 true true true false false false false true true false false false false false false X 32 31 true false false false true true true true true false false true true true true true true true false false X J GRAEME MCWHIRTER 6097371838 112 W DELAWARE AVE PENNINGTON NJ 08534 DR WILLIAM S HAWKEY HEAD OF SCHOOL 40.0 0.0 X X 400090 0 138900 CHARLIE BROWN DIRECTOR OF ADVANCEMENT 40.0 0.0 X 216871 0 31104 J GRAEME MCWHIRTER CHIEF FINANCIAL OFFICER 40.0 0.0 X 205372 0 17829 CHADWICK BRIDGES TITLE TBD 40.0 0.0 X 108474 0 103851 KENNETH COAKLEY DIRECTOR OF IT 40.0 0.0 X 105474 0 97935 SCOTT E PEELER DEAN OF ACADEMIC AFFAIRS 40.0 0.0 X 126142 0 42821 THOMAS LIWOSZ FACULTY MEMBER 40.0 0.0 X 109792 0 48212 VERNON H HAMMOND II TRUSTEE 2.0 0.0 X 0 0 0 A LOUIS DENTON ESQ TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL D JINGOLI TRUSTEE 2.0 0.0 X 0 0 0 DENNIS S KEATING TRUSTEE 2.0 0.0 X 0 0 0 REV DR DONALD MEDLEY TRUSTEE 2.0 0.0 X 0 0 0 REV DR DAVID C MERTZ TRUSTEE 2.0 0.0 X 0 0 0 BISHOP JOHN R SCHOL TRUSTEE 2.0 0.0 X 0 0 0 STEVEN M SILBERMAN TRUSTEE 2.0 0.0 X 0 0 0 JORDAN M GRAY TRUSTEE 2.0 0.0 X 0 0 0 PETER J TUCCI ESQ TRUSTEE 6.0 0.0 X 0 0 0 TIMOTHY C VILE TRUSTEE 2.0 0.0 X 0 0 0 STEPHEN TAN TRUSTEE 2.0 0.0 X 0 0 0 JOHN S BIDDISCOMBE TRUSTEE 2.0 0.0 X 0 0 0 DAVID J LONG III TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM OLDSEY TRUSTEE 2.0 0.0 X 0 0 0 MATTHEW PAULS TRUSTEE 2.0 0.0 X 0 0 0 DR JULIE WULF TRUSTEE 2.0 0.0 X 0 0 0 KEN R ZIRK TRUSTEE 2.0 0.0 X 0 0 0 PHILIP BANCROFT TRUSTEE 2.0 0.0 X 0 0 0 HONORABLE HAROLD GEORGE TRUSTEE 2.0 0.0 X 0 0 0 ILANA GUTIERREZ TRUSTEE 2.0 0.0 X 0 0 0 DAVID MARLOW TRUSTEE (term 6/30/2020) 2.0 0.0 X 0 0 0 THE REVEREND HECTOR BURGOS TRUSTEE 2.0 0.0 X 0 0 0 DR CECILIA ROUSE TRUSTEE 2.0 0.0 X 0 0 0 THE REV VIRGINIA SAMUEL CETUK TRUSTEE 2.0 0.0 X 0 0 0 JACK GREEN TRUSTEE 2.0 0.0 X 0 0 0 DAN MAHONY TRUSTEE 2.0 0.0 X 0 0 0 MARLYNNE MARLOW TRUSTEE (term 6/30/2020) 2.0 0.0 X 0 0 0 BRENDA MARTINI O'LOUGHLIN TRUSTEE 2.0 0.0 X 0 0 0 JASON RIDINGS TRUSTEE 2.0 0.0 X 0 0 0 JUDITH ROSENBERG TRUSTEE 2.0 0.0 X 0 0 0 ERICH STEGICH TRUSTEE 2.0 0.0 X 0 0 0 DR JIAN JIM WANG TRUSTEE 2.0 0.0 X 0 0 0 1272215 0 480652 10 false true false SODEXO INC AFFILIATES 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 DINING SERVICES 1260719 premier pool renovations 5185 campus dr 2020 PLYMOUTH MEETING PA 19462 contractor 367180 commercial cleaning corp 311 n clinton avenue TRENTON NJ 08638 housekeeping svcs. 317061 ADAMS-BICKEL ASSOCIATES LLC 341 N 10TH AVENUE SUITE 206 ROYERSFORD PA 19468 contractor 439153 jmg mechanical llc 851 monmouth road CREAM RIDGE NJ 08514 contractor 298677 8 113672 2403739 153790 2517411 TUITION & FEES 611110 25738197 25738197 25738197 1023554 1023554 0 0 312487 131246 181241 0 181241 74299 106942 7081139 5782358 1298781 1298781 1298781 9446 113672 9446 0 0 0 0 0 0 116300 65147 51153 51153 OTHER 900099 198927 198927 YEARBOOK ADVERTISING 541800 2941 2941 201868 31012205 25937124 77240 2480430 15950 15950 5769268 5769268 0 0 780230 530557 202860 46813 0 10892232 7406717 2831981 653534 796073 541330 206979 47764 1528446 1039343 397396 91707 828012 563048 215283 49681 0 73134 48366 20500 4268 63000 41664 17660 3676 0 0 170031 170031 1516709 1003052 425152 88505 34013 22494 9534 1985 2030080 1342560 569058 118462 133639 88380 37461 7798 0 1743963 1186068 453242 104653 120424 79640 33757 7027 0 80194 53035 22479 4680 486418 486418 0 2909319 2121628 724082 63609 202345 133818 56720 11807 30173480 22473336 6394175 1305969 X 0 0 2255913 4840019 1443388 1351621 136122 42484 0 0 0 0 0 0 97559 119739 617456 506607 61763815 20502509 42400782 41261306 39596238 37629707 0 0 0 0 0 0 0 0 86547458 85751483 3109577 2304967 0 0 5404691 4791539 14467828 13833504 0 0 0 0 352116 3420659 0 0 29186 0 23363398 24350669 X 42934368 42021151 20249692 19379663 63184060 61400814 86547458 85751483 X 838725 -2457908 -164063 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39983321 981028 -339705 1733458 38891186 39571983 507080 1435236 1530978 39983321 37565076 655351 2830192 1478636 39571983 34636006 397720 3981826 1450476 37565076 36007399 224519 -182682 1413230 34636006 0.54540 0.45460 0.00000 false false 258677 258677 52880178 18131394 34748784 5256275 311731 4944544 3368685 2059384 1309301 41261306 0 0 X 22661141 -2457908 105827 -2352081 25013222 170031 5828952 5998983 31012205 24444387 210206 210206 24234181 170031 5769268 5939299 30173480 SCHEDULE D, PART X, LINE 2 Income Tax Status The Internal Revenue Service has classified the School as a tax-exempt corporation under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities that is not directly related to the Schools tax-exempt purpose is subject to taxation as unrelated business income. In addition, the School qualifies for the charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). Accounting for Uncertain Tax Positions Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the School and recognize a tax liability (or asset) if the School has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the School, and has concluded that as of June 30, 2020, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The School files a tax return in the U.S. federal jurisdiction and has no income tax related penalties and interest for periods presented in these financial statements. Should any such penalties and interest be incurred, the School's policy would be to recognize them as operating expenses. In the normal course of business, the School is subject to examination by taxing authorities. As of June 30, 2020 and through the date of this report there are no on-going audits or unresolved disputes with the various tax authorities that the School files with. As of June 30, 2020, the School had no unrecognized tax benefits. SCHEDULE D, PART XI, LINE 2D COST OF GOODS SOLD............................... 65,147 RENTAL EXPENSES.................................. 31,234 SPECIAL EVENTS EXPENSES.......................... 9,446 ---------------------------------------------------------------- TOTAL............................................ 105,827 SCHEDULE D, PART XII, LINE 2D COST OF GOODS SOLD................................ 65,147 RENTAL EXPENSES................................... 31,234 SPECIAL EVENT EXPENSES............................ 9,446 BAD DEBT EXPENSE.................................. 104,379 ----------------------------------------------------------------- TOTAL............................................. 210,206 SCHEDULE D, PART XII, LINE 4B FINANCIAL AID..................................... 5,769,268 SCHEDULE D, PART XI, LINE 4B FINANCIAL AID..................................... 5,769,268 Bad debt expenses................................. 59,648 ------------------------------------------------------------------ Total............................................. 5,828,952 true true true true true true true false false false false false false false false false false true PART 1, LINE 3: NONDISCRIMINATORY POLICY NOTICE THE SCHOOL STATES ITS NON-DISCRIMINATORY POLICY ON ITS WEBSITE, MARKETING MATERIALS USED BY THE ADMISSION OFFICE, AND PRINT ADVERTISEMENTS THROUGH THE NEW JERSEY ASSOCIATION OF INDEPENDENT SCHOOLS. true East Asia and the Pacific 0 0 Fundraising 48949 0 0 0 0 48949 48949 false false false false false false annual AUCTION 123118 113672 9446 9446 0 123118 113672 9446 9446 9446 true FINANCIAL AID 129 4355402 FMV SCHOLARSHIPS/TUITION SEE EXPLANATION FOR PART I, LINE 2 THERE WERE 129 RECIPIENTS OF FINANCIAL AID AND 35 RECIPIENTS OF TUITION REMISSION. TUITION REMISSION IS AWARDED FOR ONE STUDENT PER EMPLOYEE AT A TIME. FINANCIAL AID IS AWARDED ON A NEED BASIS USING INDUSTRY STANDARD FINANCIAL DISCLOSURES AND CALCULATIONS. X true true X X X X false true false false false false false false false DR WILLIAM S HAWKEY HEAD OF SCHOOL 381000 0 0 0 19090 0 19600 0 119300 0 538990 0 0 0 J GRAEME MCWHIRTER CHIEF FINANCIAL OFFICER 205282 0 0 0 90 0 14345 0 3484 0 223201 0 0 0 THOMAS LIWOSZ FACULTY MEMBER 109733 0 0 0 59 0 7655 0 40557 0 158004 0 0 0 CHARLIE BROWN DIRECTOR OF ADVANCEMENT 216812 0 0 0 59 0 15150 0 15954 0 247975 0 0 0 SCOTT E PEELER DEAN OF ACADEMIC AFFAIRS 126046 0 0 0 96 0 8271 0 34550 0 168963 0 0 0 CHADWICK BRIDGES assistant head of school 108384 0 0 0 90 0 7560 0 96291 0 212325 0 0 0 KENNETH COAKLEY DIRECTOR OF IT 105384 0 0 0 90 0 1050 0 96885 0 203409 0 0 0 PART I, LINE 4B - COMPENSATION QUESTIONS WILLIAM HAWKEY WAS PROVIDED A SUPPLEMENTAL PENSION IN 2019-2020. THE COST WAS $19,250. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2014-06-17 7500000 CONSTRUCTION/CAPITAL IMPROVEMENTS false false false B PUBLIC FINANCE AUTHORITY 273866124 2017-03-29 10000000 CONSTRUCTION/CAPITAL IMPROVEMENTS false false false A 245000 0 0 0 0 0 0 0 0 0 0 0 2015 false false true true B 397800 0 0 0 0 0 0 0 0 0 0 0 2018 false false true true A false false false false 0 true false false true B false false false false 0 true false false true A false true 0 0 B false true 0 0 A B WILLIAM HAWKEY HEADMASTER 40640 tuition remission family scholarship X 7 139951 FAIR VALUE X donated items 2 13839 fmv false true false PART VI, SECTION B, LINE 12C THE SCHOOL REQUIRES ALL BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES TO SIGN ANNUAL CONFLICT OF INTEREST STATEMENTS. PART VI, SECTION B, LINE 15A THE HEAD of school HAS BEEN IDENTIFIED AS AN OFFICER. THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MEETS TO DECIDE COMPENSATION. MEMBERS OF THE COMMITTEE ARE INDEPENDENT. A COMMITTEE MEMBER PREPARES COMPARABLE DATA FROM TAX RETURNS (USING GUIDESTAR) AND NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS (COLLECTED BY CFO). THIS MATERIAL IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE BOARD OF TRUSTESS RATIFIES COMMITTEE'S FINDINGS. ALL OTHER COMPENSATION IS DETERMINED BY THE HEAD of school. PART VI, SECTION B, LINE 11 FORM 990 PREPARED BY INDEPENDENT ACCOUNTANTS, REVIEWED BY FINANCE COMMITTEE AND PROVIDED TO INDIVIDUAL TRUSTEES EITHER BY EMAIL OR AT A BOARD MEETING PRIOR TO FILING. PART VI, SECTION C, LINE 19 THE SCHOOL'S FORM 990 IS AVAILABLE ON WWW.GUIDESTAR.ORG. NO OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9 OTHER CHANGES IN NET ASSETS FOR THE CURRENT FISCAL YEAR END INCLUDE THE FOLLOWING: BAD DEBT EXPENSE...................................... 164,063 PART VI, SECTION A,LINE 2 David Marlow and Marlynn Marlow have a family relationship.